Analysis: Who is Pankaj Sonu, and Why Did NSE Issue a Warning?

The National Stock Exchange (NSE) has recently issued a warning about Pankaj Sonu, who is reportedly deceiving investors with promises of substantial returns. According to the NSE, Sonu is involved in misleading investors through a scheme he promotes under the name 'Trading Master'.

Who is Pankaj Sonu and What is Trading Master?

Founded in 2021, Trading Master, led by Pankaj Sonu, claims to offer advanced automated trading services using artificial intelligence (AI). The company, based in Noida, Uttar Pradesh, promotes its AI technology as a means to guarantee returns in the stock market. Last year, Trading Master introduced a product called Master Bot, which purportedly provides buy and sell signals based on AI analysis.

How Does the Scheme Operate?

Pankaj Sonu is said to approach unsuspecting investors, promising them high returns and encouraging them to invest in the stock market. He uses these promises to collect money, while also requesting investors to share their trading account login details. This allows him to potentially trade on their behalf, a practice that is both risky and unauthorized.

What Should You Do if Contacted by Such Individuals?

The NSE advises investors to be cautious and avoid engaging with individuals or entities like Pankaj Sonu that promise guaranteed returns on investments. Investors should never share their demat or trading account details, including login credentials, with anyone who makes such claims. The NSE has emphasized that brokers like Pankaj Sonu and entities like Trading Master are not officially registered with them.

Consequences of Trusting Such Individuals

The NSE has clarified that investing in schemes promoted by individuals like Pankaj Sonu carries significant risk. The funds invested in these misleading schemes are not recognized, and investors are unlikely to receive any benefits. The responsibility of any financial loss lies entirely with the investor.

Source: https://www.nseindia.com/resources/nse-caution-for-investors